According to a report by BlockBet, Coin Market Cap data shows that the Altcoin Season Index is currently at 22, a significant increase from the level of 15 on June 22.
According to this index, about 22 of the top 100 cryptocurrencies by market cap have outperformed Bitcoin over the past 90 days.
CMC
The Altcoin Season Index is a real-time indicator that indicates whether the cryptocurrency market is currently ruled by altcoins.
The index measures the performance of the top 100 altcoins against Bitcoin over the past 90 days.
This helps investors assess market trends to see whether the popularity and performance of altcoins is increasing or whether Bitcoin’s leadership is maintained.
According to current data, the overall performance of altcoins is increasing and their importance in the market is increasing, which is a sign of a diverse and developing cryptocurrency environment. Investors can improve their investment decisions by observing this trend, especially when altcoins are outperforming Bitcoin.